Foresight invests into TEC Electric Motors, leading distributor of electric motors, gearboxes and inverters
Foresight Group (“Foresight”) a leading regional private equity and infrastructure investment manager, has announced a £7.0 million investment into Spartan Motor Holdings (“TEC” or the “Company”), a well-established distributor of low-voltage electric motors, gearboxes and inverters.
TEC was founded in 2006 by Scott Edwards, Tina Edwards, and Gareth Richardson. Over the past 20 years they have built a well-established and trusted brand in the UK, with the support of Martin Knott. TEC serves a diverse range of industries, including distributors, machine-building OEMs, HVAC OEMs, rewinders, and manufacturers of pumps and hydraulic systems. The team are experts in their field and operate from a well invested 90,000 sq. ft. facility in Hartlebury, Worcestershire and a satellite site in Sheffield.
TEC is known for its reliability, extensive, quality inventory, and commitment to customer service. The Company’s sales and technical services team possesses deep expertise in motor efficiency and reliability, a key differentiator given the range of applications across industries. Regulatory standards and Net Zero commitments are fuelling demand for more energy-efficient electric motors, along with gearboxes and inverters that enhance performance. Looking ahead, TEC is committed to its long-standing customer base, ensuring availability and service levels remain high, as well as enhancing its complementary products and services.
PMSI provided CDD to support the transaction, addressing key investment themes including: a detailed sizing of TEC’s addressable market by product type and sector; an overview of the competitive environment highlighting TEC’s key differentiators; and identifying untapped opportunities for TEC to continue driving strong organic growth.
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